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debatable, but we should make sure we are getting the best use out of it. He said we are
<br />paying top dollar for teacher salaries and we ought to be getting top performance. He
<br />said we should set an expectation that we should see big improvements over how things
<br />are done.
<br />
<br /> Mr. Norris said that while he does not think the budget is a perfect document, and
<br />he would have liked to see more tax relief for moderate income home owners, he feels it
<br />is an investment in the future of our community, including schools, parks, affordable
<br />housing, and sustainability issues. He said he thinks the budget is framed to address
<br />strategic needs of our community.
<br />
<br /> The RESOLUTION ADOPTING THE BUDGET FOR THE CITY OF
<br />CHARLOTTESVILLE FOR THE FISCAL YEAR BEGINNING JULY 1, 2007, AND
<br />ENDING JUNE 30, 2008 AND PROVIDING FOR THE ANNUAL APPROPRIATION
<br />OF FUNDS FOR SUCH FISCAL YEAR,” as amended by substitute motion, which was
<br />nd
<br />offered at the April 2 meeting, was approved by the following vote. Ayes: Dr. Brown,
<br />Ms. Hamilton, Mr. Norris, Mr. Taliaferro. Noes: Mr. Lynch.
<br />
<br /> I. ADOPTION OF BUDGET
<br />
<br /> WHEREAS, pursuant to Section 19 of the City Charter and Section 15.2-2503 of
<br />the Code of Virginia, the City Manager has caused to be prepared and presented to City
<br />Council a proposed budget for the fiscal year beginning July 1, 2007, and ending June
<br />30, 2008; and
<br />
<br /> WHEREAS, a synopsis of such proposed budget has been published in the Daily
<br />Progress, a newspaper of general circulation in the City, and notice duly given in such
<br />newspaper and public hearings held thereon on March 19, 2007 and April 2, 2007, and
<br />the estimates of revenues and expenditures therein debated and adjusted by City Council
<br />in open public meetings, all as required by the City Charter and Section 15.2-2506 of the
<br />Code of Virginia.
<br />
<br /> NOW, THEREFORE, BE IT RESOLVED by the Council of the City of
<br />Charlottesville that such document, the statements of fiscal policy set forth therein, and
<br />the estimates of revenues and expenditures therein proposed by the City Manager and
<br />debated and adjusted by the City Council, are hereby adopted as the annual budget of the
<br />City of Charlottesville, for informative and fiscal planning purposes only, for the fiscal
<br />year beginning July 1, 2007, and ending June 30, 2008; and that a true and correct copy
<br />of the same, as adopted, shall be kept on file in the records of the Clerk of the Council.
<br />
<br /> II. GENERAL FUND APPROPRIATIONS
<br />
<br /> BE IT RESOLVED by the Council of the City of Charlottesville that:
<br />
<br />A. The sums hereinafter set forth are estimated as General Fund revenues for the
<br />fiscal year beginning July 1, 2007.
<br />
<br />Local Taxes
<br />
<br />Real Estate Taxes $47,655,000
<br />Personal Property Tax 6,301,000
<br />Public Service Corporation Tax 1,119,900
<br />Penalty/Interest on Delinquent Taxes 350,000
<br />Utility Taxes (City Utilities and Electric) 4,863,822
<br />Virginia Communications Sales and Use Tax 2,261,440
<br />Tax on Bank Stock 500,000
<br />Tax on Wills and Deeds 550,000
<br />Sales and Use Tax 10,300,000
<br />Rolling Stock Tax 16,694
<br />Transient Room Tax 2,310,000
<br />Meals Tax 5,045,500
<br />Short-Term Rental Tax 55,340
<br />Cigarette Tax 695,000
<br />
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